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Will Trump's $12 billion bailout solve the farm crisis? [Yahoo! Finance]

Graham Holdings Company (GHC) 
Company Research Source: Yahoo! Finance
President Donald Trump's $12 billion bailout of American farmers will provide at least temporary relief from their struggles. But critics say the underlying problems, including his tariffs, still have not been solved. Trump's trade wars have “bludgeoned the already struggling U.S. agricultural sector,” said Axios . Farmers were staggering under the weight of “falling commodity prices and rising production costs,” but the president's tariffs did not help. China stopped buying American-grown soybeans as retaliation, “crushing the largest export market for American farmers.” Now more than half of U.S. farms are “losing money.” The newly announced bailout “will provide much-needed certainty” to the sector, Trump said. Others are not so sure. A “one-time payment is not a long-term fix,” said Sen. Amy Klobuchar (D-Minn.). Many farmers see the bailout as a “welcome stopgap,” said Fortune . But they do not believe it will “solve the agricultural industry's problems.” The payments from th Show less Read more
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